Damac targets 15,000 hotel units in operation by 2021

DUBAI, April 24, 2018

Damac Hotels & Resorts, the hospitality arm of Damac, is looking to boost its current portfolio of around 1,700 hotel units over the next three years, with the aim of delivering 15,000 units by 2021.

Speaking at the Arabian Travel Market, Damac’s chairman, Hussain Sajwani, said: “Over the past four years, Damac has delivered 1,700 hotel units that are in operation currently, and we’re looking to increase that to over 5,500 rooms by year end. With Expo 2020 just around the corner, there is much expected from Dubai’s hospitality sector, and this global destination is all set to welcome over 20 million visitors in the coming years. The goal of delivering 15,000 keys by 2021 is a task that is both challenging and thrilling.”

Jean Faivre, senior vice president – Hospitality, Damac Hotels & Resorts, said: “Damac has already set new trends with the Damac Maison and Damac Maison Royale brands, and I am confident that the coming years will see Damac a top contributor to world-class hospitality in the UAE and beyond. With room occupancy topping 29 million room nights last year and at 78 per cent occupancy rate, we anticipate a lot more hospitality units will be needed to cope with the influx of tourists over the coming years.”

Defined by elegance and style, Damac Hotels & Resorts raises the bar for luxury hospitality in Dubai, with two distinct brands, Damac Maison Royale and Damac Maison. The current operational projects are located in and around Downtown Dubai and Business Bay, with other property openings planned in key areas of the city. - TradeArabia News Service